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Home»TRADING NEWS»Biden, Trump meme coins are on very different trajectories
TRADING NEWS

Biden, Trump meme coins are on very different trajectories

By Crypto FlexsApril 15, 20242 Mins Read
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Biden, Trump meme coins are on very different trajectories
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A meme coin parodying President Joe Biden has risen nearly 271% in the past 30 days. Meanwhile, the value of digital assets linked to former President Donald Trump, who is scheduled to appear in criminal court on Monday, April 15, is plummeting.

Sales of non-fungible tokens (NFTs) on Ethereum hit $536 million in the past 30 days, according to data aggregator CryptoSlam.

However, interest in Trump NFTs appears to have waned as the twice-impeached Republican candidate faces criminal trial in New York on charges of falsifying business records.

a sharp decline

Trading volume for Trump’s official NFT collection has plummeted more than 99% in the past 30 days.

Trading volume for 45,000 Trump digital trading cards featuring photoshopped images of the quadruple-indicted Republican has fallen sharply over the past 30 days, according to data from online NFT marketplace OpenSea.

The NFTs, which sold for $99 each when launched in December 2022, have recorded no trading activity over the past week.

NFTs aren’t the only Trump-themed digital asset floundering.

A meme coin inspired by his slogan ‘Make America Great Again’ has lost more than 4% in value in the last 24 hours.

MAGA price chart | Source: CoinGecko

MAGA also posted losses in the 7-day and 30-day periods. According to data from CoinGecko, the price of the joke token has plummeted nearly 25% in the past 30 days and about 21% in 7 days.

However, there was a positive price differential over a 14-day period, with the value increasing by almost 18% over that period.

Meanwhile, Trump Media & Technology Group Corp., the parent company of Trump’s conservative social media network, has lost about $4.5 billion in its stock price since going public on March 26.

‘Boden’ gains strength

While the MAGA coin is on the decline, another meme coin parodying President Joe Biden is making significant gains.

According to data from CoinGecko, the so-called Jeo Boden (BODEN) coin has risen 24.4% in the last 24 hours and is currently trading at $0.6792.

Biden, Trump meme coins are on very different trajectories - 2
BODEN price chart | Source: CoinGecko

The value of the coin has also risen by almost 63% in two weeks and by almost 271% in the last 30 days.

BODEN’s current market capitalization is $475,326,682, with a trading volume of $25,247,510 over the last 24 hours.

It is not affiliated with the White House or the Biden campaign.

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